U.S.: Plaits And Basketwork Market 2024

Plaits And Basketwork Market Size in the U.S.

In 2022, the U.S. plaits and basketwork market decreased by -1% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, and then declined slightly in the following year.

Plaits And Basketwork Production in the U.S.

In value terms, plaits and basketwork production skyrocketed to $X in 2022. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by 1,934% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Plaits And Basketwork Exports

Exports from the U.S.

After three years of decline, overseas shipments of plaits, basketwork, wickerwork and similar products of plaiting materials increased by 0.6% to X tons in 2022. In general, exports, however, saw a deep reduction. The most prominent rate of growth was recorded in 2018 when exports increased by 18% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plaits and basketwork exports dropped significantly to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 32%. As a result, the exports reached the peak of $X, and then shrank rapidly in the following year.

Exports by Country

Canada (X tons) was the main destination for plaits and basketwork exports from the United States, with a 61% share of total exports. Moreover, plaits and basketwork exports to Canada exceeded the volume sent to the second major destination, Mexico (X tons), threefold. The third position in this ranking was taken by Ireland (X tons), with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume to Canada stood at -7.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+3.5% per year) and Ireland (+69.9% per year).

In value terms, Canada ($X) remains the key foreign market for plaits, basketwork, wickerwork and similar products of plaiting materials exports from the United States, comprising 71% of total exports. The second position in the ranking was taken by Mexico ($X), with a 9.1% share of total exports. It was followed by Ireland, with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada amounted to +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+1.7% per year) and Ireland (+52.2% per year).

Export Prices by Country

In 2022, the average plaits and basketwork export price amounted to $X per ton, which is down by -19.4% against the previous year. In general, the export price, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 an increase of 55% against the previous year. As a result, the export price reached the peak level of $X per ton, and then shrank significantly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to the Dominican Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Plaits And Basketwork Imports

Imports into the U.S.

After four years of growth, purchases abroad of plaits, basketwork, wickerwork and similar products of plaiting materials decreased by -20% to X tons in 2022. Overall, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 37%. As a result, imports attained the peak of X tons, and then declined notably in the following year.

In value terms, plaits and basketwork imports declined slightly to $X in 2022. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 42% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

China (X tons), India (X tons) and Vietnam (X tons) were the main suppliers of plaits and basketwork imports to the United States, with a combined 83% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +25.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of plaits, basketwork, wickerwork and similar products of plaiting materials to the United States, comprising 38% of total imports. The second position in the ranking was taken by Vietnam ($X), with an 18% share of total imports. It was followed by India, with a 17% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+12.4% per year) and India (+16.5% per year).

Import Prices by Country

The average plaits and basketwork import price stood at $X per ton in 2022, picking up by 22% against the previous year. Overall, the import price, however, saw a pronounced descent. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+20.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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